Bitcoin has dropped 25% from its all-time high following Trump's inauguration.

This is reported by Bloomberg, as conveyed by Ukrinform.

As noted, in Singapore at 12:05 PM local time on February 28, the cryptocurrency dropped by 5.5% to $79,627, marking its lowest level since November 10. This decline was part of a broader downturn: Ether, the second-largest cryptocurrency in the world, fell by 7.3%, while Solana and XRP tokens decreased by 7.1% and 7.8% respectively.

As of 7:00 AM in London, the cryptocurrency had declined by 5.8% to $79,363, registering a drop of more than 25% since reaching its all-time high less than six weeks ago. Ether, Solana, and XRP also fell by more than 7%.

Overall, Bitcoin has fallen by more than 20% in February. If this trend continues until the end of the day on Friday, it will mark the largest monthly decline since June 2022.

The price decrease highlights the volatile nature of digital assets, which previously surged after Trump's election victory. Bitcoin reached its all-time high of $109,241 on January 20, the day of Trump's inauguration, but has since declined amid concerns over the president's aggressive stance and general fears about the U.S. economy.

This has also impacted American exchange-traded funds trading Bitcoin: on Tuesday, investors withdrew over $1 billion, marking the largest single-day outflow since their debut last year.

A representative from the cryptocurrency firm Bitgo Inc. stated that traders are still waiting for Trump, who is considered a supporter of cryptocurrencies, to take concrete steps for the sector, including the establishment of a Bitcoin reserve.

As reported by Ukrinform, U.S. President Donald Trump ordered the creation of a cryptocurrency working group tasked with proposing new regulations for digital assets and exploring the possibility of establishing a national cryptocurrency reserve.